Merrill Lynch is seventh largest bank acquisition ever
Bank of America’s planned $44.3 billion acquisition of Merrill Lynch is the seventh largest bank acquisition ever announced, according to Thomson Reuters Deals Intelligence. Bank of America is the fourth largest bank globally and the top US bank with a market value of US$153.9 billion.
In the big picture: M&A targeting of the banking sector has reached $187.2 billion so far in 2008. Activity in the third quarter stands at a 5 quarter high of $87.3 billion.
–Research from Matthew Toole, Daily Deals Insight